There Is A Quest For Clarity Surrounding Laboratory Corp. Of America Holdings (NYSE: LH) Volatility

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Laboratory Corp. Of America Holdings is listed on the NYSE in the Healthcare sector while operating in the Diagnostics & Research industry. The current market capitalization of Laboratory Corp. Of America Holdings is $17.49B. A total of 0.79 million shares were traded on the day, compared to an average of 747.28K shares.

In the most recent transaction, Schroeder Mark S sold 6,477 shares of LH for 217.29 per share on Apr 01 ’24. After the transaction, the EVP, Pres Diagnostics & COO now owns 5,036 company shares. In a previous transaction on Apr 01 ’24, Summy Amy B. sold 3,500 shares at 217.29 per share. LH shares that EVP, Chief Marketing Officer owns now total 3,975.

Among the insiders who sold shares, van der Vaart Sandra D disposed of 3,553 shares on Mar 28 ’24 at a per-share price of $216.74. This resulted in the EVP, Chief Legal Officer holding 7,637 shares of LH after the transaction. In another insider transaction, Schroeder Mark S sold 5,048 shares at $218.45 per share on Mar 07 ’24. Company shares held by the EVP, Pres Diagnostics & COO now total 5,036.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Laboratory Corp. Of America Holdings pays an annual dividend of $2.88, resulting in a dividend yield of 1.39%, and it has a price to earnings (P/E) ratio of 44.69. LH’s most recent ex-dividend date was 5/24/2024 when it declared a $0.72 quarterly dividend that was paid in cash on 6/12/2024. Previously, the company paid the dividend on 3/13/2024 with an ex-dividend date of 2/26/2024. The LH stock dividend was $0.72 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, LH has a high of $234.09 and a low of $179.58.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. LH’s latest balance sheet shows that the firm has $1.47B in Cash & Short Term Investments as of fiscal 2021. There were $6.34B in debt and $2.78B in liabilities at the time. Its Book Value Per Share was $93.86, while its Total Shareholder’s Equity was $10.27B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LH is Buy with a score of 4.40.

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